20211109 Premarket Prep DAX - Bear Market Trader
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20211109 Premarket Prep DAX

20211109 Premarket Prep DAX

#Fin­twit #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #index #indices #DAX #DE30Cash

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for DAX. This prep builds off of my week­ly trade plan I made here:

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Com­pared against Week­ly Trad­ing Plan

  • Price trad­ing above last week’s body but with­in range
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • Yes­ter­day closed down with longer sell­ing wick but demand is still intact
    • Pos­si­ble H4 Phase 1 / 3
  • Trend: H4 Up, D1 Up, W1 Up
    • Pre­vail­ing trend: Strong uptrend 3/3
  • Mar­ket Profile
    • 3‑day over­lap­ping values
  • Dai­ly Range
    • ADR: 9391
    • ASR: 9820
      • 2455
    • ASR Short: 8809
      • 2202
    • Day
      • Yes­ter­day’s High 16068.90
      • Yes­ter­day’s Low 16006.30


  • LN open
    • Below Val­ue, With­in Range
  • Open dis­tance to value
    • 0.05xASR
  • Nar­ra­tive
    • Mod­er­ate Imbal­ance. IB tra­versed 0.60xASR (edge of being wide) accept­ing val­ue and test­ing yesterday’s high and H4 sup­ply. Pos­si­ble H4 Phase 1 / 3. Although with H4 Bear Engulf in the way it would be best if that gets cleared before attempt­ing a long which would coin­cide with D1 sup­ply End.
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Val­ue Accep­tance to Sus­tained Auc­tion Up
  • Hypo 2
    • Strength From With­in IBR
  • Hypo 3
    • Failed Auc­tion Short
  • Hypo 4
    • Auc­tion Fade Short

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • H4-C‑S 16054.30

ZOIs for Pos­si­ble Long

  • H4-C‑D 16034.03
  • D1-C‑D 15697.65
  • W1-C‑D 15590.83 BASE

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing Okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 20 trades by the end of the month, prefer­ably 2 a day (not in the same prod­uct at the same time) 
    • No ear­ly exits, either hit SL or 2R target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Process
    • Keep trade review com­ments short
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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